According to Variety Paramount has decided to move forward with plans for a G.I. Joe 3. As G.I. Joe: Retaliation was delayed for 9 months the studio had a lot of time to think about the future of the franchise, and with Retaliation making an estimated $132 million worldwide this weekend it makes green-lighting a sequel an easy decision to make.
Retaliation cost $130 million to produce, which is significantly lower than the $175 million budget of G.I. Joe: The Rise of Cobra. The smaller budget combined with Retaliation‘s huge international opening (nearly double the opening of Cobra in the same territories) makes a sequel a no-brainier for Paramount. The delay and 3D conversion appears to have paid off, at least for overseas audiences.
No word on which cast members will return, or whether director Jon Chu will be back. Paramount got rid of 90% of the Cobra cast and replaced director Stephen Sommers, so there could easily be another talent sweep. I expect the success of G.I. Joe: Retaliation will prevent any major changes to the current line-up.